Great Northern Agrees to Buyout: Great Northern...
From Times Staff and Wire Service Reports
Great Northern Agrees to Buyout: Great Northern Nekoosa said it agreed to a $5-billion buyout by Georgia-Pacific, dropping its vehement four-month opposition to a deal that would create the largest U.S. forest-products company. Great Northern agreed to the deal after Georgia-Pacific sweetened its offer to $65.75 a share from $63, a spokesman said. In addition to acquiring Great Northern’s 57-million common shares outstanding for $3.7 billion, Georgia-Pacific will assume $1.3 billion in Great Northern debt.
